Showing 1 - 10 of 10
The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications …
Persistent link: https://www.econbiz.de/10003831857
In theory, one of the main benefits of financial globalization is that it should allow for more efficient international … better risk sharing outcomes during the recent period of globalization. Developing countries have, by and large, been shut … flows may help explain why emerging markets have not been able to realize this presumed benefit of financial globalization …
Persistent link: https://www.econbiz.de/10003586563
process of financial globalization. Our central findings indicate that policies promoting financial sector development …, institutional quality and trade openness appear to help developing countries derive the benefits of globalization. Similarly, sound … unavoidable tensions inherent in evaluating the risks and benefits associated with financial globalization. In light of these …
Persistent link: https://www.econbiz.de/10003816538
Persistent link: https://www.econbiz.de/10001745312
Studies of the effects of technology and globalization on employment and inequality commonly assume that occupations …
Persistent link: https://www.econbiz.de/10012239274
-skill occupations. We estimate the determinants of workers' RTI as a function of technology (computer use), globalization …. Globalization (as measured by sector foreign value-added share) increases RTI in poorer countries but reduces RTI in richer … globalization also important. Technology contributes the most to the differences in RTI among workers in high-skilled occupations …
Persistent link: https://www.econbiz.de/10012006117
We develop a new dynamic factor model that allows us to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers...
Persistent link: https://www.econbiz.de/10012178610
globalization (1985-2005), there has been some convergence of business cycle fluctuations among the group of industrial economies … of countries but divergence (or decoupling) between them. -- Globalization ; business cycles ; macroeconomic fluctuations …
Persistent link: https://www.econbiz.de/10003693703
The past several decades have witnessed a rebirth of global labor mobility. Workers have begun to move between countries at rates not seen since before World War One. During the same period, economists' study of international migration has been framed by a particular textbook model of location...
Persistent link: https://www.econbiz.de/10012820735
Countries restrict the overall extent of international travel and migration to balance the expected costs and benefits of mobility. Given the ever-present threat of new, future pandemics, how should permanent restrictions on mobility respond? A simple theoretical framework predicts that reduced...
Persistent link: https://www.econbiz.de/10012389000